Ripple vs. SWIFT; Will XRP Replace SWIFT?

Wouldn’t it be great to see two international payment giants go toe to toe in the financial debate of the decade? Well, we can all stop dreaming because it’s happening! That’s right, in one corner, Silicon Valley blockchain Startup Ripple will take on international payment champion of the world SWIFT. The outcome could very well decide the future of this industry as we know it.

RIPPLE VS. SWIFT DEBATE GOES DOWN IN GERMANY

The big debate between these two will occur at the 1TC conference in Rust, Germany. Representing Ripple is their Global Head of Banking Marjan Delatinne going against Global head of Banking for SWIFT, Wim Raymaekers. Those looking for a blood bath with be disappointed. The two are simply meeting to have a professional debate about the banking sector, how blockchain is affecting this arena and if a startup like Ripple has the potential to disrupt SWIFT.

RIPPLE VS. SWIFT: THE ELEPHANT IN THE ROOM

Surely, what everyone wants to see in this debate is whether or not Ripple will address the “elephant in the room” so to speak. It’s hardly a secret that Ripple wants to replace SWIFT and think it has superior technology. It would be like the CEO of Hummer trying to make a case against Elon Musk that their gas-guzzling mega SUV’s are better than a Tesla. Yet, Brad Garlinghouse, CEO of Ripple says there is no bad blood between him and SWIFT. Only mutual respect. We’ll see just how much respect they have for each other during the debate.

RIPPLE VS. SWIFT: HOW WILL THIS AFFECT THE PRICE OF XRP

Let’s face it. This debate probably won’t have much effect on the price of XRP exactly here’s what it can do. It will tell you a lot about the future of international payments and then you can make your own informed decision from that. Right now, the general consensus is to buy and hold Ripple. It will be a long hold but it’s affordable right now, so it’s a good opportunity to get in low.

Need cash but don’t want to sell off your crypto to buy more XRP? No problem. Platforms like YouHodler let you put up your crypto as collateral in exchange for cash. You can then use that cash to invest in more crypto. Once the loan is paid back, you get your crypto back. In the end, your portfolio never loses value. You just get cash. They also have some of the best loan-value percentages in the industry so give them a try.